IRT - NYSE
Independence Realty Trust, Inc.
$16.23
+1.1%Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
At a Glance
Live SnapshotIndependence Realty Trust, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
Independence Realty Trust, Inc. Cash Flow Statement
IRT • NYSE
| Independence Realty Trust, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||
56.6M | 40M | -17.2M | 120.7M | 45.5M | 14.9M | 46.4M | 26.6M | 31.4M | -9.6M | 30.2M | 2.9M | 1.3M | 427K | -370K | 3.7K | |
243.2M | 220.9M | 219M | 252.8M | 76.9M | 60.7M | 52.8M | 45.2M | 34.2M | 34.8M | 28.1M | 12.5M | 4.4M | 3.5M | 1.8M | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -34.5M | -10.7M | -14.6M | -30.6M | 16.8M | -2.9M | 0.0 | 0.0 | 0.0 | 0.0 | |
7.9M | 7.1M | 7.7M | 7.9M | 7.2M | 5.6M | 3.1M | 2.5M | 2M | 1.2M | 495K | 206K | 77K | 0.0 | 0.0 | 0.0 | |
-18.7M | 7.3M | 66.5M | -125.5M | -74.6M | -4.2M | 1.4M | 1.4M | 1.5M | 2M | -64.2M | -660K | 83K | 121K | 15K | 0.0 | |
-6.8M | -15.6M | -13.8M | -6.4M | -2.8M | -2M | 5.8M | 3.4M | -121K | -5.5M | 7.4M | 3.6M | 171K | 470K | 780K | 32.0 | |
282.1M | 259.8M | 262.2M | 249.5M | 52.3M | 75M | 75M | 68.5M | 54.3M | -7.5M | 18.7M | 15.7M | 6M | 4.5M | 2.2M | 3.8K | |
INVESTING ACTIVITIES | ||||||||||||||||
-135.6M | -175.1M | -146.6M | -145.7M | -43M | -37.4M | -45.6M | -40.4M | -14.4M | -10.7M | -8.9M | -4.2M | -1.4M | -1.1M | -868K | (0.0) | |
(0.0) | -2.6M | (2.1M) | -57.4M | -211.1M | (0.0) | (60.8M) | (0.0) | (0.0) | (0.0) | -137.1M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -128.9M | -215.8M | -220.3M | -105K | -25M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 68.1M | 26.8M | 45.4M | 39.7M | 17.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-7.3M | 157M | 142.8M | 67.4M | 38M | -87.1M | -60.8M | -189M | -176.5M | 38.4M | -7.4M | -303.2M | -36.8M | -15.8M | -17.9M | 0.0 | |
-142.9M | -20.6M | -1.7M | -135.8M | -216.1M | -124.5M | -106.4M | -229.5M | -190.8M | (27.8M) | -153.5M | -307.3M | -38.2M | -16.9M | -18.8M | (0.0) | |
FINANCING ACTIVITIES | ||||||||||||||||
132.4M | 108.7M | -5.2M | 42.7M | 314.1M | 146.7M | 20.3M | 21.6M | -569K | 183.2M | -188K | 189.6M | 31.2M | 3.2M | 0.0 | 0.0 | |
-105.7M | -204.8M | -109.9M | -64.4M | -20.7M | -41.3M | 76.3M | 198.5M | 51.4M | -180.6M | 216M | 128.6M | 10.7M | 10.2M | 17.6M | 0.0 | |
-154.4M | -144M | -134.9M | -105.8M | -49.8M | -56.1M | -64.7M | -52.5M | -52.3M | -36.6M | -25.1M | -15M | -3M | -164K | -5K | (0.0) | |
-30M | -2.6M | -5.2M | -6M | -2.9M | -1.5M | -642K | -354K | -569K | -62.2M | (0.0) | (0.0) | -3.6M | (0.0) | (0.0) | (0.0) | |
-7.4M | -6.3M | -3.8M | -7.9M | -27.7M | -530K | -2.1M | -5.3M | 127.1M | -3.6M | -32.6M | -216K | -2.2M | 503K | -105K | 0.0 | |
-135.1M | -246.4M | -253.7M | -135.4M | 215.9M | 48.8M | 29.8M | 162.4M | 125.6M | -37.7M | 158.3M | 303M | 33M | 13.9M | 17.5M | 0.0 | |
CASH FLOW SUMMARY | ||||||||||||||||
4.2M | -7.3M | 6.7M | -21.7M | 52.1M | -818K | -1.6M | 1.4M | -10.9M | -17.4M | 23.5M | 11.4M | 801K | 1.4M | 898K | 3.8K | |
43.5M | 50.7M | 44M | 65.7M | 13.6M | 14.4M | 16M | 14.6M | 20.9M | 38.3M | 14.8M | 3.3M | 2.5M | 1.1M | 209K | 205.7K | |
47.6M | 43.5M | 50.7M | 44M | 65.7M | 13.6M | 14.4M | 16M | 10M | 20.9M | 38.3M | 14.8M | 3.3M | 2.5M | 1.1M | 209.4K | |
146.5M | 84.7M | 115.5M | 103.8M | 9.3M | 37.6M | 29.4M | 28.1M | 40M | -18.2M | 9.8M | 11.6M | 4.6M | 3.3M | 1.3M | 3.8K |
SEC Filings
IRT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | June 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 13, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | May 04, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 29, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 19, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 02, 2026 | March 02, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 17, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 06, 2026 | February 03, 2026 | 2026 |
Related Guides
Continue your IRT research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.